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1508 Highway 87
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 4, 2026 | Listed by RE/MAX On The Water -Bolivar | $775,000 | |
| Listed by RE/MAX On The Water -Bolivar | |||
| Nov 3, 2025 | Listed by RE/MAX On The Water -Bolivar | $929,000 | |
| Listed by RE/MAX On The Water -Bolivar | |||
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This unique home offers front row access to the beach. The octagon "Centurion" home has been constructed from plans to withstand high winds, the special attention to details in this home can be found inside and out. Outer walls are all constructed with 2 x6, the house is tied to the pilings foundation with 3/4 in all thread, the pilings below the home are 9 foot on center and 12 feet in the ground with concrete weights. The inside has unlimited potential for bringing your own touches (bonus 400 sq foot loft) to make it match the amazing views. The expansive lot has plenty of room to develop with more homes, barn, shops, etc. The extensive decks offer unobstructed views of the beaches in both directions. Lot can be subdivided to build 2 more homes. Watch all the fireworks from the deck this New Year!
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| Oct 11, 2025 | No longer available | - | |
| No longer available | |||
| Sep 20, 2025 | Price Decreased |
$929,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017